Investor Presentaiton
Investor Presentation - First half 2022
Danske Bank
Impairments: Continually strong credit quality and prudent buffers in place; modest
macro-charges albeit updated outlook
Highlights
Impairment charges by category* [DKK bn]
.
Credit quality remains strong with positive underlying trends
Macro scenarios have been updated and additional PMAs put in place to reflect
increasing downside risk from inflation and interest rates, resulting in modest
charges due to the provisions already booked in 04-21 and 01-22
• PMAs now stand at DKK 6 bn with additional overlays related to exposures
within construction and building materials. PMAs also include DKK 250m
established in PC DK to account for potential lower recovery for debt collection
legacy cases
PMAS
6.4
6.3
6.0
0.9
5.4
1.0
Agriculture
1.2
CRE
1.5
4.0
1.4
Capital Goods
0.2
0.2
1.3
0.2
Construction & building materials
0.6
1.7
0.4
0.0
Oil & Gas
0.1
-0.3
1.5
Personal Customers
1.2
0.9
Others
1.3
0.9
0.9
Model changes
0.0
0.0
2019
2020
2021
Q1 22
Q2 22
4.3
1.4
Credit quality deterioration: oil & gas
Credit quality deterioration: outside oil & gas
0.7
1.0
0.5
1.1
0.8
1.7
0.5
0.2
Post-model adjustments
Macroeconomic adjustments
0.2
0.2
0.1
0.5
0.2
-0.5
-0.2
Q1 2020 Q2 2020 03 2020 042020 Q1 2021 Q2 2021 Q3 2021
-0.2
04 2021
Q1 2022 Q2 2022
Allowance account by stages (DKK bn]
Stage 1 ECL
Stage 2 ECL
Stage 3 ECL
24.9
24.1
23.6
1.5
22.6
22.5
22.5
1.5
22.2
21.9
2.2
2.3
2.2
2.2
2.3
19.8
19.8
2.7
7.5
7.5
7.2
3.1
3.1
7.4
6.9
7.0
6.7
6.8
6.7
6.8
15.2
15.9
14.2
12.9
13.4
13.3
13.3
12.4
9.9
9.9
Q1 2020 02 2020 03 2020 04 2020 Q1 2021 Q2 2021
Q3 2021
04 2021
Q1 2022 Q2 2022
30View entire presentation